News & Publications

1. Small modular reactors are the future, IP3 tells Forbes

   January 12th, 2021

   The Biden administration is expected to continue the bipartisan strategy of accelerating the export of U.S. nuclear energy technology to overseas markets. Forbes reports that small modular reactors (SMRs) could hold the key for export success.

   In the Forbes INTERVIEW, IP3 and Allied Nuclear CEO Michael Hewitt said the future of nuclear energy development is SMRs:

   “I think the days of building large nuclear power plants are really in the past. Hitachi walked away from a major UK power plant project after spending $2 billion. Where does that leave us? SMRs.”

   A subsidiary of IP3, Allied Nuclear advises governments in procuring nuclear technology and tailored financing; and with starting national nuclear energy programs.

   “Once they’re at production, they can compete internationally,” Hewitt said of SMRs.

   “Instead of constructing [SMRs], you’re assembling [them on site in country],” Hewitt said. “It’s a repetitive model” that gives investors a better handle on cost and cost overruns, he said.

   The advent of SMRs opens up new market opportunities at home and abroad for nuclear energy developers. SMRs offer unique, tailor-made solutions to countries’ energy needs while cutting construction costs. As a cheaper, smaller and scalable alternative to larger light water reactors, SMRs also help sovereign governments avoid falling for the lure of “debt-trap” boondoggles built by Russia and China.

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2. Allied Nuclear debuts in Forbes interview

   August 20th, 2020

   IP3’s new enterprise Allied Nuclear made its media debut in Forbes on Aug. 7.

   IP3’s founders formed Allied Nuclear because they saw a growing need to unlock the value of cooperation among U.S. and allied companies along the civilian nuclear supply chain.

   Allied Nuclear helps IP3 separate their security business and creates a special purpose entity for companies to align their resources around specific nuclear energy projects. This ensures a private sector-led financing strategy and lays the groundwork for the formation of a fund to support infrastructure development programs.

   In the Forbes interview, Allied Nuclear and IP3 CEO Michael Hewitt gave insights into nuclear energy development trends in the world market and recent pro-nuclear moves by the Administration:

   “U.S. allies and developing countries want clean energy but they also want energy security; nuclear energy offers both,” Hewitt said. “But these countries are taken advantage of by China and Russia with all-encompassing and heavily-subsidized power plant offers that come with insidious ‘build-own-operate’ terms and predatory financing.”

   Hewitt said Allied Nuclear has developed an approach that allows the U.S. and its allies to compete against adversary state-owned competitors by leading with the strengths of the U.S. industry while addressing the disadvantages of other vendors in the nuclear energy supply chain.

   Hewitt said his company wants to help global allies “stay clear of ‘debt traps’ and national security risks posed by China’s Belt and Road Initiative investments.”

   “Infrastructure development and energy security should not come at the expense of a country’s national sovereignty or financial interest,” Hewitt said.

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3. IP3 Director Bud McFarlane outlines “How U.S. and allies can stop global energy dominance by China and Russia” in The Washington Times

   July 17th, 2020

   In an Op-Ed for The Washington Times, Bud McFarlane — IP3 Co-Founder and Director and Reagan’s National Security Adviser — outlined the world’s need for the U.S. and allies to lead in building clean nuclear energy in developing economies. The world cannot afford global energy dominance by Russia and China, he warned.

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4. VIDEO: IP3 CEO Michael Hewitt interviewed by Saudi 24 news on U.S.-Saudi ties, security and energy

   March 15th, 2020

   IP3 Co-Founder and CEO Michael Hewitt went on Saudi 24 channel’s Vision news program to talk about the U.S. and Saudi Arabia forging closer diplomatic and economic ties, Saudi Arabia’s strategic importance in world affairs, and the future of clean energy in the kingdom.

   

   Veteran journalist Maria Maaloof interviewed the retired U.S. Rear Admiral.

   Click below to watch:

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5. IP3 at the 2019 Atlantic Future Forum

   November 21st, 2019

   IP3 representatives attended the 2019 Atlantic Future Forum on board HMS Queen Elizabeth, at anchor off Annapolis, Maryland.

   

   The full-day conference brought together the brightest and most influential thinkers – from defense and beyond – to strengthen American-British ties and to encourage collaboration between the two countries’ public and private sectors. READ MORE >

    

6. IP3 at the 2019 U.K. Conservative Party Conference

   October 1st, 2019

   IP3’s Co-founder and CEO Rear Admiral (Ret.) Michael Hewitt attended the 2019 U.K. Conservative Party Conference in Manchester, England and was a panel discussion on clean energy during their Innovation Day.

7. IP3 Director Bud McFarlane on “The New Imperialism” in The Washington Times

   May 23rd, 2019

   ANALYSIS/OPINION:

   Historians often cite two American qualities to explain why the United States and its allies prevailed in the Cold War; military strength and better ideas — such things as the rule of law and freedom for individuals and the marketplace; often called “Soft Power” in shorthand. READ MORE >

8. IP3 and Exelon Visit KEPCO E&C, 11 June 2019

   June 11th, 2019

   Representatives from IP3 and Exelon met with executives from KEPCO Engineering & Construction Company during a visit to Korea last week.

    

   

9. CEOs Ask Trump to Help Them Sell Nuclear Power Plants Overseas

   February 12th, 2019

   Bloomberg, U.S. nuclear energy developers on Tuesday met with President Donald Trump and asked for help winning contracts to build power plants in the Middle East and elsewhere overseas. 

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10. National Security, Energy Experts Call for Support of U.S. Nuclear Industry

    June 13th, 2018

    MCLEAN, VA –The ability of the United States to compete in the international nuclear energy market against the likes of Russia and China is dependent on the strength of our own country’s domestic sector. Without a steady pipeline of skills, innovation, and products, our country will have limited capacity to compete. READ MORE >